Calculate your Old vs New Regime tax right here - then explore HRA, capital gains, and house property income with four dedicated sub-calculators. Everything in one place, with clear explanations at every step.
Tax Regime Calculator
Compare Old vs New Regime for FY 2025-26 and FY 2026-27. Enter your income and deductions - see the computed tax under each regime and the difference between them.
Old vs New Tax Regime Calculator
Finance Act 2025 · AY 2026-27 & AY 2027-28
Finance Act 2025 rates apply for AY 2026-27 (FY 2025-26). New Regime: NIL tax up to ₹12,00,000 income (₹12,75,000 for salaried with ₹75,000 standard deduction). Old Regime: unchanged - all Chapter VI-A deductions available. Finance Bill 2026 makes no changes to these slab rates.
If any of the below apply to you, calculate those amounts first and note them down. Then come back here and enter the computed figures into the main calculator below.
Fill in your income details on the left and click Calculate My Tax to see your side-by-side comparison.
Results show both regimes simultaneously - you decide.
A number is the start, not the plan. Money coaching turns your tax result into a strategy - covering your regime choice, investment timing, and deduction maximisation across financial years.
Book Free Coaching Session →AY 2026-27 · Finance Act 2025
These are the income tax slabs applicable for Assessment Year 2026-27 (Financial Year 2025-26). The New Regime is the default; Old Regime must be opted-in.
| Income Slab | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 - ₹8,00,000 | 5% |
| ₹8,00,001 - ₹12,00,000 | 10% |
| ₹12,00,001 - ₹16,00,000 | 15% |
| ₹16,00,001 - ₹20,00,000 | 20% |
| ₹20,00,001 - ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
| Income Slab | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 - ₹5,00,000 | 5% |
| ₹5,00,001 - ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
+ 4% Health & Education Cess on tax in both regimes. Surcharge applicable on income above ₹50L.
Regime Decision Guide
The break-even point depends on your total deductions. As a thumb rule: if your total deductions (80C + HRA + home loan interest + NPS + 80D) exceed ₹3.75 lakh, the Old Regime often wins. Use the calculator above to be sure.
| Factor | Old Regime | New Regime |
|---|---|---|
| Standard Deduction (Salaried) | ₹50,000 | ₹75,000 |
| Section 80C (PF, ELSS, LIC…) | ✔ Up to ₹1,50,000 | ✘ Not available |
| HRA Exemption | ✔ If paying rent | ✘ Not available |
| Home Loan Interest (self-occupied) | ✔ Up to ₹2,00,000 | ✘ Not available |
| NPS (80CCD(1B)) | ✔ Up to ₹50,000 | ✘ Not available |
| Section 80D (Health Insurance) | ✔ Up to ₹25,000-₹50,000 | ✘ Not available |
| Employer NPS Contribution | ✔ 80CCD(2) - 10% of salary | ✔ 80CCD(2) - 14% of salary |
| Leave Travel Allowance (LTA) | ✔ Available | ✘ Not available |
| House Property Loss Set-Off | ✔ Up to ₹2L against salary | ✘ No set-off allowed |
| 87A Tax Rebate | ₹5L threshold | ✔ ₹12L threshold |
| Typically better for… | High deduction earners (₹3.75L+ in deductions) | Most salaried earners; income ≤ ₹12L after std. deduction |
Detailed Calculators
The Tax Regime Calculator above uses values from these four dedicated tools. Run any that apply to your situation, note the result, then enter the computed figure into the main calculator.
HRA Exemption
Section 10(13A) - if you pay rent and receive HRA from employer
Capital Gains Tax
6 asset classes - equity, MF, property, gold, bonds, REITs. Budget 2024 rates.
House Property Income & Loss
Self-occupied, let-out, or both. Includes ₹2L set-off cap.
Income from Other Sources
FD interest, savings interest, dividends, gifts. Includes 80TTA / 80TTB.
Annual Tax Planning
Tax planning isn’t a March rush. Done through the year, the same income can yield significantly lower tax with identical compliance. Here is what to act on each quarter.
Declare your regime at the start of the year April
Submit Form 12BB to your employer by April declaring whether you choose Old or New Regime for TDS purposes. An incorrect declaration means excess TDS is deducted all year - recoverable at filing, but it’s your money sitting with the government interest-free until July.
Structure your salary CTC for tax efficiency April-May
Many employers allow you to restructure your CTC annually - shifting amounts to HRA (if renting), LTA, meal allowances, or telephone reimbursements. This is a zero-investment tax reduction. Check with HR before May; changes typically cannot be made mid-year.
Start your 80C investments before the rush April-September
ELSS (Equity-Linked Savings Scheme) investments started in April vs March get an extra year of compounding. PPF annual contribution before April 5 earns interest for the full year. The tax benefit is the same; the wealth outcome is different by thousands.
Review advance tax liability June
If your total tax liability exceeds ₹10,000 (after TDS), you must pay advance tax - 15% by June 15, 45% by September 15, 75% by December 15, 100% by March 15. Missing these triggers interest under Sections 234B and 234C. Particularly important for freelancers, investors, and those with significant capital gains or rental income.
Book capital losses before March if in Old Regime January-March
Short-term capital losses can be set off against both STCG and LTCG. Long-term capital losses only against LTCG. If you are holding loss-making positions in equity or mutual funds and have capital gains this year, strategically booking losses before year-end can reduce your overall capital gains tax.
Complete documentation - don’t just invest February-March
HRA claims require rent receipts (with landlord’s PAN if rent exceeds ₹1L per year), 80C requires actual certificates (PPF passbook, ELSS statement), 80D requires premium receipts. Claims made without documentation at time of filing expose you to disallowance and penalty during assessment.
Concepts Worth Knowing
Tax law is full of jargon that obscures simple ideas. Here are six concepts the calculators use - explained plainly.
Tax Rebate u/s 87A
If your total income does not exceed ₹12 lakh (New Regime) or ₹5 lakh (Old Regime), your income tax liability is reduced to zero via the 87A rebate. This is before cess - so cess (4%) still applies on any rebate not covering the full amount. However, special rate incomes like STCG on equity are excluded from this rebate.
Cost Inflation Index
The government publishes a Cost Inflation Index (CII) each year. For property, gold, and certain bonds held long-term, the original purchase price is “indexed” using the ratio of sale-year CII to purchase-year CII - effectively reducing your taxable gain to account for inflation. Available only in Old Regime for property sales before July 23, 2024.
Short-Term Capital Gains
Gains from selling assets held below the threshold holding period. For listed equity and equity mutual funds: less than 12 months = STCG, taxed at 20% (from Budget 2024). For property and gold: less than 24 months = STCG, taxed at your applicable slab rate. For debt mutual funds: all gains are now at slab rate (post April 2023).
Gross Annual Value
For let-out property, your taxable income is not the full rent received - it’s the GAV (expected market rent or actual rent, whichever is higher) minus municipal taxes paid, then minus a 30% standard deduction, then minus home loan interest (no cap for let-out property). The result can be negative - a loss - which can be set off up to ₹2L against your salary income under Old Regime.
Section 80C Deductions
The ₹1,50,000 annual deduction available under Old Regime covering: EPF/VPF contributions, PPF, ELSS mutual funds, life insurance premiums, principal repayment on home loan, NSC, Sukanya Samriddhi, 5-year FDs. Only one among all these qualifies as a wealth-building investment (ELSS) - choose wisely within the ₹1.5L limit.
Tax Deducted at Source
Tax your employer, bank, or tenant deducts on your behalf before paying you. It is not your final tax - it is an advance payment. At filing time, your actual tax is computed and any excess TDS is refunded, any shortfall is payable with interest. Managing TDS correctly (via declarations and certificates) avoids cash flow issues through the year.
Money Coaching
The right tax strategy depends on factors no calculator can capture - your employment contract, upcoming asset sales, family structure, employer flexibility, and your financial goals for the next five years. That’s a conversation, not a computation.